TREND Transformations / GRANITE Transformations
Bottom line
- Total investment $176K – $316K including a $45K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated MODERATE with a risk score of 64/100. SBA loan default rate of 0.0% across 22 loans (below the industry average).
- Auditor disclosed a going-concern note — flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one TREND Transformations / GRANITE Transformations unit return on the cash you put in?
Unlevered ROIC · per unit
37%
In Yale's "attractive" band (30–60%)
Overview
About
TREND/GRANITE Transformations franchisees operate surface refinishing and home improvement services, primarily kitchen and bathroom countertop restoration, cabinet refacing, and related interior transformations. Day-to-day operations include site assessments, material application (likely epoxy or coating systems), project scheduling, customer service, and field team management. This is a service-based, labor-intensive model requiring technical skills and local market penetration.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 13 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining franchise system with shrinking unit count, active litigation against franchisees, undisclosed financials, going concern status, and unprotected territories presents material risk to a six-figure investment.
Score breakdown · what drove the 64 / 100 rating
- 01MINORSystem declining 3.1% YoY with only 34 units suggests market saturation or operational challenges
- 02HIGHMultiple litigation cases against franchisees for trademark infringement and non-compete violations indicate enforcement disputes and potential legal exposure
- 03HIGHGoing concern status raises solvency questions about franchisor's ability to support franchisees long-term
- 04MEDNo disclosed average revenue or net income prevents ROI validation and suggests financial performance may not support $176k–$316k investment
- 05MINORUnprotected territory creates direct competition risk from other franchisees and company-owned locations
- 06MINORHigh upfront cost ($45k franchise fee + $176k–$316k total) with 5% ongoing royalty requires strong unit economics to justify
- 07MINORGlobal settlement over ownership and distributions indicates governance instability at franchisor level
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
25 numbers
One-time purchase · CSV download · Validation questions included
FDD download
TREND Transformations / GRANITE Transformations · FDD (2025) PDF